Mercedes-Benz Group (OTCMKTS:MBGAF) Sees Large Volume Increase - What's Next?

Key Points

• Mercedes-Benz Group AG experienced a 53% increase in trading volume, with approximately 58,292 shares traded, reflecting significant investor interest.
• The stock price rose to $64.40, marking a 2.7% increase from the previous close of $63.36.
• The company declared a dividend increase to $4.30 per share, up from $1.63, representing an 8.07% yield for shareholders.
• Mercedes-Benz Group has a market cap of $69.59 billion and operates several segments, including cars and vans under the renowned Mercedes-Benz brand.

Mercedes-Benz Group AG (OTCMKTS:MBGAF - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 58,292 shares were traded during trading, an increase of 53% from the previous session's volume of 38,180 shares.The stock last traded at $64.40 and had previously closed at $63.36.

Mercedes-Benz Group Price Performance

The business has a fifty day simple moving average of $59.25 and a 200 day simple moving average of $59.91. The firm has a market cap of $69.73 billion, a price-to-earnings ratio of 4.92 and a beta of 1.26.

Mercedes-Benz Group Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 12th were given a $4.30 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 8.07%. This is an increase from Mercedes-Benz Group's previous dividend of $1.63.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.